Multiple Choice
A newspaper article informs you that most businesses increased production in the last quarter but also sold from their inventories during the last quarter. Based on this information GDP likely
A) decreased.
B) increased.
C) stayed the same.
D) may have increased, decreased, or stayed the same.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: If real GDP and the GDP deflator
Q62: Additions to inventory subtract from GDP, and
Q63: Expenditures on a nation's domestic production<br>A)are less
Q64: Which component of GDP includes spending on
Q65: U.S. GDP includes the market value of
Q67: Figure 23-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 23-2
Q68: Nominal GDP is $15 trillion and real
Q69: Recessions are associated with lower incomes, rising
Q70: Table 23-5<br>A hypothetical country of Lahland produces
Q71: Consumption expenditures were previously the largest component